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Nonresidential Construction Employment Ends 2017 on a High Note, Says ABC

Thursday, January 11, 2018 1:47 PM
WASHINGTON, Jan. 5—The nonresidential construction sector added 11,800 net new jobs in December, representing nearly 10 percent of the nation’s jobs created during the month, according to an Associated Builders and Contractors (ABC) analysis of data released today by the Bureau of Labor Statistics. The nation’s overall construction sector added 30,000 net new jobs in December, a 0.4 percent month-over-month increase.
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Branch & Associates Exec George R. Nash, Jr. Begins Term as ABC National Chair

Friday, January 5, 2018 2:03 PM
WASHINGTON, Jan. 5—George R. Nash Jr., director of preconstruction for Branch & Associates in Herndon, Va., began his one-year term as chair of Associated Builders and Contractors (ABC) on Jan. 1, 2018. He leads the 21,000-plus member association’s executive committee and board of directors, guides its national initiatives and serves as its spokesperson.
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Nonresidential Construction Spending Ticks Higher in November, Down Year-Over-Year, ABC Says

Wednesday, January 3, 2018 12:45 PM
WASHINGTON, Jan. 3—Nonresidential construction spending expanded 0.6 percent in November, totaling $719.2 billion on a seasonally adjusted basis, according to an Associated Builders and Contractors (ABC) analysis of data released today by the U.S. Census Bureau. Despite the month-over-month expansion, nonresidential spending fell 1.3 percent from November 2016. 
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Construction Unemployment Rates Improve in 36 States as Nation Posts Lowest November Rate on Record, Says ABC

Wednesday, January 3, 2018 9:28 AM
WASHINGTON, Jan. 3—The not seasonally adjusted (NSA) national construction unemployment rate was 5 percent in November, down 0.7 percent from a year ago and the lowest November rate on record, according to an analysis of U.S. Bureau of Labor Statistics (BLS) data released today by Associated Builders and Contractors (ABC). The construction industry employed 191,000 more workers than in November 2016.
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ABC Celebrates Passage of Historic Tax Reform Bill

Wednesday, December 20, 2017 8:55 AM
WASHINGTON, Dec. 20—Associated Builders and Contractors (ABC) President and CEO Michael D. Bellaman released the following statement after Congress passed The Tax Cuts and Jobs Act:

“This is a historic day for the construction industry. For too long, ABC’s 21,000-plus members have paid the highest effective tax rate of any sector of the economy. We are a capital-intensive, domestically oriented industry comprised mostly of small, family owned and closely held merit shop construction companies employing hardworking Americans.




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ABC Chief Economist Predicts Stable 2018 Construction Economy

Wednesday, December 13, 2017 4:16 PM
WASHINGTON, Dec. 13—Associated Builders and Contractors (ABC) Chief Economist Anirban Basu predicts stability for the construction industry’s economy and expanding nonresidential construction spending in 2018. While construction project backlog and contractor confidence remain high heading into the new year, Basu warns there are risks to the 2018 outlook as a number of potential cost increases could come into play.
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November Construction Input Prices Expand; Year-over-Year Inflation Highest Since 2011

Tuesday, December 12, 2017 12:00 PM
WASHINGTON, Dec. 12 – Construction input prices expanded 0.7 percent in November and rose 5.6 percent on a yearly basis, the largest increase since November 2011, according to an Associated Builders and Contractors (ABC) analysis of  Bureau of Labor Statistics data released today. Nonresidential construction materials prices also expanded 0.7 percent for the month and 5.4 percent for the year. Crude petroleum prices rose 11 percent in November and are 31 percent higher than this time last year. 
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Construction Backlog Surges, Sets Record in Third Quarter, ABC Says

Monday, December 11, 2017 9:29 AM
WASHINGTON, Dec. 11—Providing more evidence of a strengthening economy, Associated Builders and Contractors’ (ABC) Construction Backlog Indicator (CBI) set a record as it expanded to 9.45 months during the third quarter of 2017, up 9.8 percent from the second quarter to the longest backlog reading in the eight-year history of the series.  CBI is up by 0.8 months, or 9.2 percent, on a year-over-year basis.
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Construction Jobs Numbers Rebound in November

Friday, December 8, 2017 1:15 PM
WASHINGTON, Dec. 8—The nation’s construction sector added 24,000 net new jobs in November, representing a 0.3 percent month-over-month increase, according to an Associated Builders and Contractors (ABC) analysis of Bureau of Labor Statistics data released today. 
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Worker Availability Confidence Remains Low Among Florida Construction Firms

Monday, December 4, 2017 10:29 AM
WASHINGTON, Dec. 4— In its survey of Florida construction firms for the third quarter of 2017, Associated Builders and Contractors (ABC) finds the confidence to fill open positions over the next six months remains low. Continued hurricane rebuilding efforts will likely exacerbate the challenge to find enough skilled labor in Florida to meet the level of project demand. Confidence in other areas of the survey remains high.
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